Multi-modal logistics park planned in Bengaluru; fresh tender floated

Government bodies generally avoid processing a single bid following guidelines issued by the Central Vigilance Commission (CVC).

A multi-modal logistics park is a cargo consolidation and distribution centre using multiple modes of transport to achieve scale in shipments and provides various logistics and other value-added services. The logistics park is being planned on 400 acres at Muddalinganahalli in Bengaluru Rural district.

The development, operation and maintenance of the multi-modal logistics park is being implemented through public-private partnership on a design, build, finance, operate and transfer (DBFOT) basis with an investment of some ₹935.90 crore, according to a report in a top financial newspaper.

Fibre2Fashion News Desk (DS)